“HDFC Bank is a "screaming buy opportunity" despite market uncertainty and recent governance concerns. Dalal points to its attractive valuation at 1.6 times price to book (adjusted for subsidiaries) and anticipates an acceleration from its current 10-12% growth rate. He believes a recovery in corporate growth will lead to a re-rating for HDFC Bank, which can manage funding requirements without significantly impacting margins.”

Sameer Dalal’s track record: 3 graded calls · 95% CI 6–79%